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Author Question: If firms in a duopoly with homogeneous products compete on price, a Nash equilibrium is reached when ... (Read 110 times)

saliriagwu

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on: Jun 29, 2018
If firms in a duopoly with homogeneous products compete on price, a Nash equilibrium is reached when each firm charges a price ________.
 
  A) equal to its average cost
  B) higher than its average cost
  C) equal to its marginal cost
  D) lower than its marginal cost

Question 2

A compensating wage differential is a wage premium paid in order to:
 
  A) recognize a more efficient employee.
  B) attract workers who have a family to support.
  C) improve the goodwill of a firm hiring workers.
  D) attract workers to otherwise undesirable occupations.


vickyvicksss

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


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saliriagwu

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Reply #2 on: Jun 29, 2018
Thank you :)


vickyvicksss

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Reply #3 on: Jun 29, 2018
Happy to help you


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